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Foreclosure in Portland : Real Estate Advice

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  • Home Buying27
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Activity 3
Sat Mar 12, 2016
Abbash46 asked:
Mon Mar 17, 2014
Murphy Team answered:
I would contact Pine Tree Legal and pose this question. This is a legal question and they are qualified to assist citizens of Maine. http://www.ptla.org/welcome 207 942 8241
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Mon Jul 6, 2009
Martin Macisso answered:
I hate to sound trite, but ALL foreclosure auctions are ending up as REO...where the bank is buying back and taking huge write downs. After the auction, the Foreclosing bank takes ownership immediately (if there are no bids which is the case 99.9% in the current market). The property is then assigned to a local Real Estate Broker who is in with Fannie Mae or Freddie Mac. My office specializes in listing these properties. I can provide you with some info or a list of Bank Owned Properties if you would like to call me at 207-400-4413.
You want to get these properties AFTER the auction for the BIG discount.

Martin Macisso
Regency Realty Group
762 Main Street
South Portland, ME 04106
207-400-4413
... more
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